Much easier to describe what a WW is or an Mm is, when you can actually show people!
When it comes to trading them, it all depends........
The RSI patterns only show the closing position, so a lot could have happened on Price during the candles - this is why backtesting anything based on RSI is fraught with problems.
If the original trade has survived, then maybe it's an opportunity to add another partial or even whole one, or maybe just enjoy the stress free ride.
If the original trade got stopped out, then the next one should stand on its own merits IMO - but most humans will be swayed to go with a borderline one.
Now for the Head & Shoulders (H&S) on RSI. This is not an MM because the initial M would be a rising one i.e. Pt3 above Pt1 and that is not allowed under any circumstances. All we do is trade the second part i.e. the basic M shown.
The Price action that matches the RSI pattern could be a H&S on Price or even a set of rising tops. This does not matter, I am trading on RSI patterns.
cheers theory
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